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13 banks have nearly lost 40 million pounds in the Force India sale

Nabanita Dutta

News Editor

Russian fertiliser group Uralkali, one of the main bidders fighting for the formula one Force India team has said that 13 Indian banks have lost nearly 40 million pounds in the sales process. It has also said that the bidding process was unfair as the administrators have turned down its higher bid for the team. Uralkali has also launched legal proceedings against the administrators FRP Advisory in the High Court of London.